Bridgewater Bancshares ( (BWB) ) has released its Q1 earnings. Here is a breakdown of the information Bridgewater Bancshares presented to its investors.
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Bridgewater Bancshares, Inc., based in St. Louis Park, Minnesota, operates as a financial holding company with its banking subsidiary, Bridgewater Bank, providing comprehensive banking services to businesses and individuals in the Twin Cities. The company is known for its entrepreneurial focus and has been recognized for its banking services and corporate culture.
In the first quarter of 2025, Bridgewater Bancshares reported a net income of $9.6 million, marking an increase from the previous quarter and the same period last year. The company also saw growth in net interest income and net interest margin, alongside a notable increase in gross loans and total deposits.
Key financial highlights include a 12% increase in net interest income from the previous quarter, a 15.9% annualized growth in gross loans, and a 7.5% annualized increase in total deposits. The company’s efficiency ratio improved, and it maintained a strong asset quality with zero net loan charge-offs. However, there was an increase in nonperforming assets, primarily due to one specific loan.
Looking ahead, Bridgewater Bancshares remains focused on leveraging its market expertise, supporting clients, and maintaining asset quality. The company aims to continue its growth trajectory while navigating economic uncertainties, with an emphasis on expanding its loan portfolio and enhancing shareholder value.